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Basanite Inc is engaged in manufacturing basalt fiber-reinforced polymer products (BRP). It produces basalt fiber-reinforced polymer products that are used as replacements for steel products, which reinforce concrete, such as rebar. The company's product includes BasaFlex; BasaMix and BasaMesh.

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On Wednesday, shares of Basanite Inc (OTC: BASA) experienced volatile short activity. After the activity, the stock price went down -6% to $0.047.

The overall sentiment for BASA has been Bearish.

Short Volatility Alert: Basanite Inc

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On Wednesday, shares of Basanite Inc (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BASA#OTC">BASA</a>) experienced volatile short activity. After the activity, the stock price went down -6% to $0.047.

The overall sentiment for BASA has been Bearish.

The signal from the volatility alert is trending Bearish. Therefore, the recommendation is to Strong Sell.

The volatility alert was produced on the prior trading date, 12/28/2022 with a volatility change of +58.25%. The current volatility indicator stands at 4.886.

Overview:
The securities lending volatility indicator is produced by Tidal Markets, in partnership with Benzinga Insights. Securities lending primarily serves the purpose of providing liquidity to short sellers. When unusual activity occurs in the securities lending markets, it acts as an upstream indicator to what is likely to occur downstream in the regular stock market.

Understanding the Volatility Alert:
Overall sentiment is considered &quot;bear&quot; when broad market activity of the stock has been shown to indicate a negative directional basis, or is considered &quot;bull&quot; when indicating a positive directional basis. The securities lending volatility indicator provides a signal when it detects unusual short activity. Unusual short activity is based off a computer generated algorithmic formula utilizing securities lending trade details such as the volume of shares being shorted, the rate being paid to short the shares, and the type of collateral being posted - amongst other variables. The current volatility is the respective trading day&#39;s calculated securities lending volatility value. The volatility percentage change is the percentage difference in volatility between the two most recent days. The recommendation is a suggestive strategy, inferred from the strength of the Signal Trending, Current Volatility, and Volatility % Change. Recommendations may include, &quot;Strong Buy&quot;, &quot;Strong Sell&quot;, &quot;Increase Short Exposure&quot;, &quot;Decrease Short Exposure&quot;, or &quot;Market Neutral&quot;.

ANY INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR IMPLY INVESTMENT ADVICE

The following post was written and/or published as a collaboration between Benzinga&rsquo;s in-house sponsored content team and a financial partner of Benzinga.

One of the ways we gauge market sentiment is by looking at rotation&mdash;which areas of the market, traders and investors are most bullish or bearish on, and watching how those trends change over time.&nbsp;

We can track this by looking at price (the upward or downward pressure on an asset) as well as by volume (where the most attention is being paid).&nbsp;

According to volume data from OTC Markets, traders rotated heavily into well-established multi-national companies last month like BNP Paribas (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/BNPQY#OTCQX">BNPQY</a>), Infineon Technologies (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/IFNNY#OTCQX">IFNNY</a>) and Heineken (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/HEINY#OTCQX">HEINY</a>). This flies in direct contrast with August, when <a href="https://www.benzinga.com/markets/cannabis/20/09/17516451/traders-piled-into-cannabis-crypto-and-gold-securities-on-otc-markets-in-august">traders piled into emerging industries like cannabis and crypto</a>.&nbsp;

Dollar trading volume in securities from those three firms increased an average of 193% month-over-month from August to September. Shares of Wal-Mart De Mexico S.A.B. de C.V. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/WMMVY#OTCQX">WMMVY</a>) were also heavily traded, with nearly one-fifth of the total dollar volume for 2020 occurring last month.&nbsp;

On the other hand, several companies that were most actively traded in August&mdash;including names like Trulieve Cannabis Corporation (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTCQX">TCNNF</a>), Curaleaf Holdings Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/CURLF#OTCQX">CURLF</a>), Green Thumb Industries Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/GTBIF#OTCQX">GTBIF</a>) and Planet 13 Holdings Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/PLNHF#OTCQX">PLNHF</a>)&mdash;all saw their dollar volume decline month-over-month in September. Even the Grayscale Bitcoin Trust (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#OTCQX">GBTC</a>), which remained the most actively traded security on the OTCQX Market in September, experienced a monthly decline in dollar volume.

Overall, only three of September&rsquo;s 10 most actively traded securities on the OTCQX Market (GBTC, Trulieve, and the Grayscale Ethereum Trust (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/ethe#OTCQX">ETHE</a>)) could be classified as &ldquo;emerging.&rdquo; In August, five cannabis companies made the list. This rotation could indicate that traders were looking for exposure in more developed industries like energy, consumer staples, and healthcare.&nbsp;

Venture Companies With The Highest Volume Increases

On the OTCQB Venture Market, Relief Therapeutics Holding (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/RLFTF#OTCQB">RLFTF</a>), Northwest Biotherapeutics, Inc. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/NWBO#OTCQB">NWBO</a>), Giga Metals Corp (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/HNCKF#OTCQB">HNCKF</a>), and Basanite Inc. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/BASA#OTCQB">BASA</a>) all had dollar volume spikes of over 700% in September compared to August.&nbsp;

For 2020, CytoDyn Inc. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/CYDY#OTCQB">CYDY</a>) and Fannie Mae (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/FNMA#OTCQB">FNMA</a>) remain the most actively traded securities on the OTCQB Market, with over $6 billion of annual dollar volume between them.&nbsp;

Below are the top 10 most actively traded securities on the OTCQX and OTCQB Markets In September.

OTCQX

<table border="1" cellspacing="0" class="Table">
	<tbody>
		<tr>
			<td style="border-color:#cccccc; height:25.5pt; vertical-align:top">
			Company Name
			</td>
			<td style="border-color:#cccccc; height:25.5pt; vertical-align:top">
			Symbol
			</td>
			<td style="border-color:#cccccc; height:25.5pt; vertical-align:top">
			Country
			</td>
			<td style="border-color:#cccccc; height:25.5pt; vertical-align:top; width:113.65pt" width="152">
			September Dollar Volume
			</td>
		</tr>
		<tr>
			<td style="border-color:#cccccc; height:15.0pt; vertical-align:top">
			Grayscale Bitcoin Trust (BTC)
			</td>
			<td style="height:15.0pt; vertical-align:top">
			<a href="http://www.otcmarkets.com/stock/GBTC/quote">GBTC</a>
			</td>
			<td style="height:15.0pt; vertical-align:top">
			USA
			</td>
			<td style="height:15.0pt; vertical-align:top; width:113.65pt" width="152">
			$1,195,996,717
			</td>
		</tr>
		<tr>
			<td style="border-color:#cccccc; height:15.0pt; vertical-align:top">
			Roche Holding Ltd
			</td>
			<td style="height:15.0pt; vertical-align:top">
			<a href="http://www.otcmarkets.com/stock/RHHBY/quote">RHHBY</a>
			</td>
			<td style="height:15.0pt; vertical-align:top">
			Switzerland
			</td>
			<td style="height:15.0pt; vertical-align:top; width:113.65pt" width="152">
			$892,302,962
			</td>
		</tr>
		<tr>
			<td style="border-color:#cccccc; height:15.0pt; vertical-align:top">
			Danone
			</td>
			<td style="height:15.0pt; vertical-align:top">
			<a href="http://www.otcmarkets.com/stock/DANOY/quote">DANOY</a>
			</td>
			<td style="height:15.0pt; vertical-align:top">
			France
			</td>
			<td style="height:15.0pt; vertical-align:top; width:113.65pt" width="152">
			$183,510,758
			</td>
		</tr>
		<tr>
			<td style="border-color:#cccccc; height:15.0pt; vertical-align:top">
			BNP Paribas
			</td>
			<td style="height:15.0pt; vertical-align:top">
			<a href="http://www.otcmarkets.com/stock/BNPQY/quote">BNPQY</a>
			</td>
			<td style="height:15.0pt; vertical-align:top">
			France
			</td>
			<td style="height:15.0pt; vertical-align:top; width:113.65pt" width="152">
			$166,817,100
			</td>
		</tr>
		<tr>
			<td style="border-color:#cccccc; height:15.0pt; vertical-align:top">
			Trulieve Cannabis Corporation
			</td>
			<td style="height:15.0pt; vertical-align:top">
			<a href="http://www.otcmarkets.com/stock/TCNNF/quote">TCNNF</a>
			</td>
			<td style="height:15.0pt; vertical-align:top">
			USA
			</td>
			<td style="height:15.0pt; vertical-align:top; width:113.65pt" width="152">
			$165,748,144
			</td>
		</tr>
		<tr>
			<td style="border-color:#cccccc; height:15.0pt; vertical-align:top">
			Heineken N.V.
			</td>
			<td style="height:15.0pt; vertical-align:top">
			<a href="http://www.otcmarkets.com/stock/HEINY/quote">HEINY</a>
			</td>
			<td style="height:15.0pt; vertical-align:top">
			The Netherlands
			</td>
			<td style="height:15.0pt; vertical-align:top; width:113.65pt" width="152">
			$158,886,211
			</td>
		</tr>
		<tr>
			<td style="border-color:#cccccc; height:15.0pt; vertical-align:top">
			Grayscale Ethereum Trust (ETH)
			</td>
			<td style="height:15.0pt; vertical-align:top">
			<a href="http://www.otcmarkets.com/stock/ETHE/quote">ETHE</a>
			</td>
			<td style="height:15.0pt; vertical-align:top">
			USA
			</td>
			<td style="height:15.0pt; vertical-align:top; width:113.65pt" width="152">
			$137,186,566
			</td>
		</tr>
		<tr>
			<td style="border-color:#cccccc; height:15.0pt; vertical-align:top">
			Infineon Technologies AG
			</td>
			<td style="height:15.0pt; vertical-align:top">
			<a href="http://www.otcmarkets.com/stock/IFNNY/quote">IFNNY</a>
			</td>
			<td style="height:15.0pt; vertical-align:top">
			Germany
			</td>
			<td style="height:15.0pt; vertical-align:top; width:113.65pt" width="152">
			$134,923,755
			</td>
		</tr>
		<tr>
			<td style="border-color:#cccccc; height:15.0pt; vertical-align:top">
			Wal-Mart De Mexico S.A.B. de C.V.
			</td>
			<td style="height:15.0pt; vertical-align:top">
			<a href="http://www.otcmarkets.com/stock/WMMVY/quote">WMMVY</a>
			</td>
			<td style="height:15.0pt; vertical-align:top">
			Mexico
			</td>
			<td style="height:15.0pt; vertical-align:top; width:113.65pt" width="152">
			$125,224,761
			</td>
		</tr>
		<tr>
			<td style="border-color:#cccccc; height:15.0pt; vertical-align:top">
			Experian plc
			</td>
			<td style="height:15.0pt; vertical-align:top">
			<a href="http://www.otcmarkets.com/stock/EXPGY/quote">EXPGY</a>
			</td>
			<td style="height:15.0pt; vertical-align:top">
			Ireland
			</td>
			<td style="height:15.0pt; vertical-align:top; width:113.65pt" width="152">
			$114,614,897
			</td>
		</tr>
	</tbody>
</table>

&nbsp;

OTCQB

<table border="1" cellspacing="0" class="Table">
	<tbody>
		<tr>
			<td style="border-color:#cccccc; height:25.5pt; vertical-align:top">
			Company Name
			</td>
			<td style="border-color:#cccccc; height:25.5pt; vertical-align:top">
			Symbol
			</td>
			<td style="border-color:#cccccc; height:25.5pt; vertical-align:top">
			Country
			</td>
			<td style="border-color:#cccccc; height:25.5pt; vertical-align:top; width:102.7pt" width="137">
			September Dollar Volume
			</td>
		</tr>
		<tr>
			<td style="border-color:#cccccc; height:15.0pt; vertical-align:top">
			CytoDyn Inc.
			</td>
			<td style="height:15.0pt; vertical-align:top">
			<a href="http://www.otcmarkets.com/stock/CYDY/quote">CYDY</a>
			</td>
			<td style="height:15.0pt; vertical-align:top">
			USA
			</td>
			<td style="height:15.0pt; vertical-align:top; width:102.7pt" width="137">
			$285,663,617
			</td>
		</tr>
		<tr>
			<td style="border-color:#cccccc; height:15.0pt; vertical-align:top">
			RELIEF THERAPEUTICS HLDG AG
			</td>
			<td style="height:15.0pt; vertical-align:top">
			<a href="http://www.otcmarkets.com/stock/RLFTF/quote">RLFTF</a>
			</td>
			<td style="height:15.0pt; vertical-align:top">
			Switzerland
			</td>
			<td style="height:15.0pt; vertical-align:top; width:102.7pt" width="137">
			$136,863,313
			</td>
		</tr>
		<tr>
			<td style="border-color:#cccccc; height:15.0pt; vertical-align:top">
			Northwest Biotherapeutics, Inc.
			</td>
			<td style="height:15.0pt; vertical-align:top">
			<a href="http://www.otcmarkets.com/stock/NWBO/quote">NWBO</a>
			</td>
			<td style="height:15.0pt; vertical-align:top">
			USA
			</td>
			<td style="height:15.0pt; vertical-align:top; width:102.7pt" width="137">
			$131,245,748
			</td>
		</tr>
		<tr>
			<td style="border-color:#cccccc; height:15.0pt; vertical-align:top">
			Fannie Mae
			</td>
			<td style="height:15.0pt; vertical-align:top">
			<a href="http://www.otcmarkets.com/stock/FNMA/quote">FNMA</a>
			</td>
			<td style="height:15.0pt; vertical-align:top">
			USA
			</td>
			<td style="height:15.0pt; vertical-align:top; width:102.7pt" width="137">
			$88,982,010
			</td>
		</tr>
		<tr>
			<td style="border-color:#cccccc; height:15.0pt; vertical-align:top">
			Galaxy Next Generation, Inc.
			</td>
			<td style="height:15.0pt; vertical-align:top">
			<a href="http://www.otcmarkets.com/stock/GAXY/quote">GAXY</a>
			</td>
			<td style="height:15.0pt; vertical-align:top">
			USA
			</td>
			<td style="height:15.0pt; vertical-align:top; width:102.7pt" width="137">
			$75,238,072
			</td>
		</tr>
		<tr>
			<td style="border-color:#cccccc; height:15.0pt; vertical-align:top">
			Giga Metals Corp
			</td>
			<td style="height:15.0pt; vertical-align:top">
			<a href="http://www.otcmarkets.com/stock/HNCKF/quote">HNCKF</a>
			</td>
			<td style="height:15.0pt; vertical-align:top">
			Canada
			</td>
			<td style="height:15.0pt; vertical-align:top; width:102.7pt" width="137">
			$64,126,316
			</td>
		</tr>
		<tr>
			<td style="border-color:#cccccc; height:15.0pt; vertical-align:top">
			Freddie Mac
			</td>
			<td style="height:15.0pt; vertical-align:top">
			<a href="http://www.otcmarkets.com/stock/FMCC/quote">FMCC</a>
			</td>
			<td style="height:15.0pt; vertical-align:top">
			USA
			</td>
			<td style="height:15.0pt; vertical-align:top; width:102.7pt" width="137">
			$48,682,394
			</td>
		</tr>
		<tr>
			<td style="border-color:#cccccc; height:15.0pt; vertical-align:top">
			MIND MEDICINE MINDMED INC.
			</td>
			<td style="height:15.0pt; vertical-align:top">
			<a href="http://www.otcmarkets.com/stock/MMEDF/quote">MMEDF</a>
			</td>
			<td style="height:15.0pt; vertical-align:top">
			Canada
			</td>
			<td style="height:15.0pt; vertical-align:top; width:102.7pt" width="137">
			$32,071,632
			</td>
		</tr>
		<tr>
			<td style="border-color:#cccccc; height:15.0pt; vertical-align:top">
			DSG Global Inc
			</td>
			<td style="height:15.0pt; vertical-align:top">
			<a href="http://www.otcmarkets.com/stock/DSGT/quote">DSGT</a>
			</td>
			<td style="height:15.0pt; vertical-align:top">
			Canada
			</td>
			<td style="height:15.0pt; vertical-align:top; width:102.7pt" width="137">
			$29,909,294
			</td>
		</tr>
		<tr>
			<td style="border-color:#cccccc; height:15.0pt; vertical-align:top">
			Humanigen, Inc.
			</td>
			<td style="height:15.0pt; vertical-align:top">
			<a href="http://www.otcmarkets.com/stock/HGEND/quote">HGEND</a>
			</td>
			<td style="height:15.0pt; vertical-align:top">
			USA
			</td>
			<td style="height:15.0pt; vertical-align:top; width:102.7pt" width="137">
			$28,028,966
			</td>
		</tr>
	</tbody>
</table>

&nbsp;

The preceding post was written and/or published as a collaboration between Benzinga&rsquo;s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.

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